Aleksey Muratov: Association of blockchain and virtual currencies created in India

In February, in Maharashtra state held several significant events, which the activists of the International Public Movement Change the World Together attended or were the organizers.

As Chairman of the Board of CWT Aleksey Muratov noted, this movement has recently become an active participant in public life of India.

According to Aleksey Muratov, the supporters Change the World Together in India are actively engaged in charitable and sponsorship activities, help schools and orphanages, take part in the organization of sporting and cultural events. "On February 1, in a central square of Mumbai city the grand concert took place which was attended by dozens of creative collectives. This concert was absolutely free for the residents of city, anyone could come and enjoy the creativity of artists. It became possible thanks to the sponsorship of our activists," Chairman of the Board of CWT said.

Besides, on February 10, the training seminar for supporters of Change the World Together was held in Alibag and on February 12, the ideological leadership meeting took place in Chandrapur. "It should be noted that the interest in our movement in India is increasingly growing, the ranks of our supporters are joined daily. It is conditional upon not only our active social position, participation in public life but also the rapid development of cryptocurrency in the region," Aleksey Muratov stated.

In particular, according to Aleksey Muratov, an association of the largest Bitcoin-exchanges of India was discussed at meetings of leaders and supporters of the movement in Maharashtra and the first meeting of which was held in common format last week in Mumbai. ʺSuch leading Bitcoin-exchanges as Zebpay, Unocoin, Coinsecure and Searchtrade has joined an industry-wide organization called “Blockchain and Virtual currency Association of India”. The association is now in the process of registration,ʺ he said.

Moreover, Aleksey Muratov noted that other cryptocurrency companies would join mentioned above exchanges. ʺThe number of participants may exceed two dozen. The main objective of the organization will be to create a single body to interact with the regulators. Also, its activity will be aimed at making Bitcoin trading safer. To that end, the members of the association will raise awareness about the risks of financial pyramids and other grey schemes. As we see, the cryptocurrency market is gradually becoming more organized, which we have repeatedly predicted,ʺ Chairman of the Board of CWT said.

Aleksey Muratov also recalled that the Reserve Bank of India published a letter in early February that warned the population of possible cryptocurrency risks. ʺUsers were asked to pay particular attention to the unpredictability of Bitcoin-trade before embarking on any action. The Ministry of Human Resources Development of India (HRD) is also active in raising awareness. Control by the regulator makes cryptocurrency more secure, which also has a positive impact on the growth of interest in electronic currency in India. The regulator’s control makes cryptocurrency more secure, which is also has a positive impact on the growth of interest in electronic currency in India,ʺ Chairman of the Board of CWT said.